3 ms·
How many times have I heard that, but they keep calling it till it really collapses. What you should look for is if a certain mid sized bank gets into deep sh
by m3kw9 3y ago
How many times have I heard that, but they keep calling it till it really collapses. What you should look for is if a certain mid sized bank gets into deep shit because they are left holding a big bag of failed mortgages
- kasey_junk 3y agoBanks don’t typically hold mortgages. They sell them off. Mostly to Fannie and Freddie but also as securities. Those securities defaulting are a trailing indicator of price as you need a mortgage to be underwater (or mass economic failure) for a mortgage to fail.